Your Money Is Protected at Jenius Bank
Your Money Is Protected at Jenius Bank
When you open a bank account, it’s a smart idea to ensure your money will be protected. The FDIC guarantees your eligible deposits are insured up to the maximum allowed by law. That means your funds are available no matter what happens.
Everything You Need to Know About FDIC Insurance:
Everything You Need to Know About FDIC Insurance:
FDIC insurance protects funds in eligible deposit accounts if your bank fails
That means you have guaranteed access to your deposits up to $250,000
The government created the FDIC in 1933 as a response to the Great Depression The FDIC was put in place to help consumers safeguard their money — and is fully backed by the credit of the U.S. government. If your bank is eligible, it purchases and maintains FDIC insurance on your behalf.
Only state-chartered or nationally chartered banks qualify for FDIC insurance Charters establish the rules that govern how a bank operates. To receive a charter, a bank must apply and meet rigorous requirements to become an FDIC member.
What This Means for Jenius Savings Account Holders
What This Means for Jenius Savings Account Holders
Plain and simple, when you deposit money with a bank that is FDIC-insured, there’s a lot less risk.
You should feel confident that the money you deposit is secure. Rest easy knowing your money is safe and sound with FDIC insurance.
Eligible deposits are insured cost-free from the moment you open a Jenius Savings account.
Bank charters don’t come easy, which is why many fintechs are not FDIC-insured. Since Jenius Bank is a division of SMBC MANUBANK, which has a state charter, we can help customers avoid the financial risks that often come with unchartered neobanks.
Start Saving Today
Start Saving Today
Open a Jenius Savings account to reach your financial goals faster. It’s quick and easy to open, and all online. Plus, you can feel good knowing your eligible deposits — up to $250,000